Catastrophe losses in June ran higher than the same month a year ago for Progressive Corp., driving June 2012 net income down 75 percent compared to last year.

New York States hearings last month on force-placed insurance appear to be just the beginning of an effort to reform industry practices around the coverage nationwide.

New York States hearings last month on force-placed insurance appear to be just the beginning of an effort to reform industry practices around the coverage nationwide.

Smaller agencies selling employee-benefit services face increased compliance demands and lower commissions now that the health-care-reform law has been upheld by the Supreme Court, but agents arent throwing in the towel just yet.

According to a report from insurance broker Marsh, the percentage of clients purchasing Pollution Legal Liability (PLL) and Contractors Pollution Liability (CPL) policies has increased: Nearly 10 percent more PLL policies were sold in 2011 compared to 2009.

Commercial and personal-lines pricing continued their upward drive through the month of June as composite rates matched the previous months increases, according to MarketScout.

As the number of catastrophe bonds has grown over the past five years so has the use of industry triggers to determine the release of capital, according to a report from Property Claim Services.

Commercial and personal insurance lines pricing continued their upward drive through the month of June as composite rates matched the previous months increases, according to the latest MarketScout barometer.